RESOLVING THE LEDGER
This is one outlet's own report from Yahoo Sports — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 1 sources
The estate of late Memphis Grizzlies player Brandon Clarke will receive a life insurance disbursement for his full $12.5 million salary that was owed next season.
Agent Mark Bartelstein of Priority Sports, who represented Clarke, confirmed to USA TODAY Sports Friday, Aug. 14 that Clarke’s contract was fully protected for death through a life insurance policy purchased by the Grizzlies. The full $12.5 million amount will be disbursed to Clarke’s estate tax-free.
There are multiple ways players and their representatives can negotiate life insurance policies and post-death protections in player contracts. From no coverage whatsoever, to standard death protections that count a player’s salary as a taxable event, agents can also negotiate to have the player’s team purchase the life insurance policy. This last option allows for a player’s full salary to be paid out tax-free, providing a massive benefit to the player’s estate.
As for the remaining portion of Clarke’s $12.5 million salary for the 2025-26 season that had been owed at the time of his death, Bartelstein confirmed that amount is being paid out to his estate through October 2026; NBA contracts are paid in installments, so the remaining amount will be disbursed in those regular installments.
There had been conflicting reports concerning the remaining salary on Clarke’s contract, which was set to expire at the end of the 2026-27 season. Front Office Sports reported Thursday, Aug. 13 that Clarke’s estate would not receive the $12.5 million that had been owed to him next season.
On May 12, the Grizzlies and Clarke’s representatives at Priority Sports each issued separate statements announcing Clarke’s death . He was 29 years old.
On Friday, Aug. 7, the Los Angeles County Medical Examiner's Office announced that Clarke died from the effects of heroin and cocaine and ruled the death an accident.
Clarke was pronounced dead by authorities on May 11 after being found unresponsive in his bedroom, according to the announcement. A deputy medical examiner conducted an examination of Clarke at the DME’s Forensic Science Center on May 12 and the cause and manner of death were certified Aug. 7.
Clarke was the No. 21 overall pick in the 2019 NBA Draft out of Gonzaga and enjoyed initial success in the league, earning all-rookie honors while averaging a career-high 12.1 points and 5.9 rebounds per game. He signed a four-year, $50 million contract extension with Memphis in 2022.
Clarke's sudden death happened almost six weeks after he was arrested in Arkansas for improper passing, possession of a controlled substance, fleeing and exceeding the speed limit and trafficking a controlled substance. He had just finished his seventh NBA season, all of which he spent with the Grizzlies.Clarke allegedly led Cross County Sheriff's Office deputies on a miles-long chase on April 1, with speeds reaching over 100 mph, and was found with over 230 grams of kratom in his possession, according to an arrest affidavit obtained by The Memphis Commercial Appeal, part of the USA TODAY Network.
Clarke's career had been derailed in recent years by injuries. He played in just six games during the 2023-24 season due to a torn Achilles and missed all but two games this past season due to calf and knee ailments.
Contributing: Mark Giannotto
This article originally appeared on USA TODAY: Brandon Clarke's estate will receive full $12.5 million life insurance
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.